Value Added Tax is one of the most complex and onerous tax regimes imposed in business – so complex that it is all too easy to inadvertently pay the wrong amount of VAT.
The consequences of underpaying VAT can be expensive in terms of penalties, even in cases where the VAT due is simply paid on the wrong VAT quarter.
We can take all aspects of VAT compliance off your hands by keeping your VAT records, preparing your VAT returns and submitting these to HM Revenue & Customs on your behalf.
In addition we can advise and assist you on:-
- The need to register for VAT and the registration process;
- Use of the most appropriate VAT scheme;
- The VAT treatment of unusual transactions;
- Opportunities to de-register, and the de-registration process;
- Enquiries by HM Revenue & Customs in connection with your VAT affairs.
We can also carry out a VAT healthcheck, and advise you on areas in which you can improve your VAT compliance.
Please contact us for help on any aspect of your VAT administration.